Carbon price rises to $50 a ton today, adds 2.2 cents to a gallon of gas

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The Canadian Press

Published Friday, April 1, 2022 5:26AM EDT

Last updated on Friday, April 1, 2022 5:26AM EDT

OTTAWA — The national price for pollution is set to rise another $10 per tonne of greenhouse gas emissions in most counties, as scheduled today.

Environment Minister Steven Guilbeault is resisting political pressure to delay or cancel the hike as fuel prices rise, mainly due to Russia’s invasion of Ukraine.

Guilbeault says the government will not slow down or back down its climate action plan, whose carbon price is seen as a “cornerstone” policy.

Today’s increase brings the total price to $50 a ton, adding another 2.2 cents to the cost of a gallon of gasoline, or 11 cents in total.

The federal tax applies directly in Alberta, Saskatchewan, Manitoba and Ontario, but British Columbia, New Brunswick and Prince Edward Island are also increasing their provincial carbon taxes to stay in line.

Quebec and Nova Scotia are using cap-and-trade systems, and Newfoundland and Labrador will raise the price to $50 a ton later in 2022.

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